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The Inter-American Development Bank has granted a loan that will be used to finance energy efficiency projects for small and medium-sized companies.

The funds for this loan come from the Green Climate Fund (GCF) and will be executed by the Development Bank of El Salvador (BANDESAL). The objective of the financing granted is to support the efforts being made by SMEs in El Salvador to reduce electricity consumption and limit greenhouse gas emissions, reported the Inter-American Development Bank (IDB).

Explained by better promotional efforts, the proportion of Costa Rican SMEs that export to Asian, South American and Caribbean countries continues to grow.

According to the Foreign Trade Promotion Office (Procomer), last year 86% of companies that sold goods in South America were SMEs, in the case of Asia the proportion reached 81% and for the Caribbean it was 80%.

In El Salvador every week at least two companies report that they intend to close down due to the impact of extortion, a problem that, far from being resolved, seems to be getting worse every year.

Representatives from the Chamber of Commerce and Industry of El Salvador (Camarasal), said that the country's employers do not see any significant improvement in the security climate, following the six month extension last April of the extraordinary measures of the Sánchez Cerén administration to try to control crime and insecurity.

The new law on security interests promises small and medium-sized companies quick access to credit lines, as it simplifies procedures for constituting and executing guarantees.

Last week the Congress of the Republic,approved amendments to the Law on Secured Transactionsthat has existed since 2007 to facilitate access to bank loans. With the modifications, any transaction that has the effect of guaranteeing an obligation of the debtor with the creditor is typified as a security interest.

The Honduran government will offer companies in the tourism sector loans with annual rates of 10% and terms of up to 20 years for the construction of hotels.

Authorities in the Hernandez administration announced that among the financial products that are already available in the Honduran Bank for Production and Housing (Banhprovi), are loans for small and medium-sized tourism companies for a maximum amount of $34 thousand, with a 10% annual rate, with terms of up to seven years for fixed assets, three years for working capital and a two-year grace period for fixed assets.

A law that allows companies to use their personal property as collateral to obtain production loans has now come into force.

The president of the Higher Council of Private Enterprise (COSEP), José Adán Aguerri, stated that on Thursday, October 26, 2017, the Law on Secured Transactions entered into force, which was approved by the National Assembly in October 2016.

The customs union between Guatemala and Honduras favors small companies in particular, as they do not have to deal with the costly and slow procedures for export and passage through customs offices.

Although it does not yet cover the entire tariff universe, the effective customs union between Honduras and Guatemala will facilitate trade between both countries and this will have a positive impact on the development of both economies.

In 2016 the number of companies that sold goods and services to government institutions grew almost three times compared to 2015.

From the report "V Status Report on the SME Situation in 2016":

The V Status Report on the SME Situation in 2016 in Costa Rica indicates that sales to the state by companies that are registered in the Costa Rican Business Information System (SIEC), increased their share by 11.9%; which implies that the number of companies that sell to the state increased by 285 compared to 2015.

A call is being made to companies working in clothing and footwear, food, and tourism to attend a business conference to be held on April 6 in Managua.

The event is being organized by the Nicaraguan Development Institute (INDE), and is aimed at SMEs who are distributors of footwear, clothing, food and tourism, which, according to INDE, are the products most in demand at this time of year.

After closing 2016 with a 37% drop in profits, financial companies expect to achieve better results diversifying their services in an increasingly competitive market.

The total profits generated by financial companies in 2016 barely exceeded $2.4 million, a decrease of 37% compared to earnings in 2015.This year companies in the sector projected better results, some on them betting on the SME segment, some focusing on generating new business in the construction sector and others expanding their offering of services.

Up to seven months is the length of delay in the Salvadoran state making payments to companies that provide goods and services, which particularly affects creditor SMEs.

The figure was confirmed by the Technical Secretary of the Presidency, Roberto Lorenzana, who noted that"...That [the situation] is being resolved and we are confident that will obligations this year will be resolved.Its more or less [that amount], the figure changes ... it changes every day because every day there are payments ... "

The most vulnerable to extortion are small and medium enterprises, which employ half of the economically active population.

From the executive summary of a study by Fusades:

In El Salvador, the crime of extortion has become one of the main problems affecting the work and economic activity of enterprises in recent years. Results from the Business Dynamics Survey conducted by FUSADES since 1991, consistently show that micro and small enterprises (MSEs) are more vulnerable to this crime than medium and large ones.

In an attempt to reduce costs and improve the use of resources devoted to the subject, a bill proposes integrating into a single institution the organizations dedicated to promoting entrepreneurship.

The aim of the bill is for the current bodies DIGEPYME, INAPYME, PRONAMYPE, FODEMIPYME, PROPYME and CONICIT to be integrated into a single entity and a with single fund to maximize resources, reduce paperwork and costs.

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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...